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Market News

Tags: Ottawa Real Estate Market, Ottawa Real Estate

How Much Has Your Ottawa Neighbourhood Appreciated?
"The average price for residential properties sold through the Multiple Listing Service climbed a relatively modest 3.1 per cent year over year to $433,700 while condominiums fetched an average of $276,700, up 2.2 per cent from August 2017, according to a survey of realtors by the Ottawa Real Estate Board.
Condo prices varied hugely depend...Read More

Tags: Low Home Inventory, Buying a Home In Ottawa, Good Time To Sell Your Ottawa Home

The number of new listings on the market in January 2018 is down considerably from the same time one year ago. The net results is that buyers are finding that when they do eventually find a home that they like, and are interested in possibly buying it, that there is more competition from other buyers - forcing them to move quicker in getting an offer in, and even bidding higher than the aski...Read More

Tags: Ottawa Real Estate Market News

Compared to this time last year, the average number of days homes are spending on the market dropped from 55 to 45 days - a decrease of 17.7%. For the month of October alone, there were 261 Real Estate transactions. According to the Ottawa Real Estate Board, condominiums are driving the overall residential real estate market, with year-to-date sales up 21.4 per cent over last y...Read More

Tags: Ottawa Real Estate Market

According to the Ottawa Real Estate Board, the Ottawa Resale Housing Market in West Ottawa neighbourhoods is outpacing those in Ottawa East. Prices for Ottawa Single Family Homes have risen by 7.1% over the year to $403,000, however in all the areas tracked by the Board, 16 of them recorded double digit percent increases in house prices, and all these were in west end neighbourhoods. C...Read More

Tags: Ottawa Real Estate Market News

Steady September contributes to strong third quarter for 2017
October 4, 2017
Members of the Ottawa Real Estate Board sold 1,387 residential properties in September through the Board’s Multiple Listing Service® System, compared with 1,365 in September 2016, an increase of 1.6 per cent. The five-year average for September sales is 1,250.
“We are seeing no slowdown in the condo ma...Read More

Tags: Real Estate Market News

Moderate overvaluation and price acceleration continue to concern the CMHC which said Thursday that the Canadian housing market remains “highly vulnerable”. In two reports, the agency said that construction is set to slow down by 2019 after a boost in 2017, but the level will remain close to the average from the past 5 years. The markets considered highly vulnerable are Tor...Read More

Tags: Ottawa Housing Market

Vancouver West Side is the priciest neighbourhood in Canada on a price-per-square-foot basis, and the city dominates the top 10.
A nationwide study by Century 21 reveals that Vancouver West Side has a PPSF of $1,201 with the city’s Downtown second at $962.75 and Toronto Downtown taking third place at $818.86.
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Source=RepMAG.ca
Got Questions About The Ottawa Real Estat...Read More

Tags: Home Mortgages

The mortgage rules are changing again January 2018 making it harder for some to qualify for a mortgage. In this video Colleen discusses why ...
Have More Questions About This Topic, or about Ottawa Real Estate in general? Ask Us Today!
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Tags: Ottawa Real Estate Market

The following is what the Ottawa Real Estate Board reported on how the Ottawa Real Estate Market performed in the month of August 2017...
"OTTAWA, Sept. 6, 2017 - Members of the Ottawa Real Estate Board sold 1,538 residential properties in August through the Board’s Multiple Listing Service® System, compared with 1,481 in August 2016, an increase of 3.8 per cent. The five-year av...Read More

Tags: Ottawa Housing Market

The following is an interesting article in the Ottawa Business Journal that talks about how Ottawa Housing Starts are up 95% in July, and how Ottawa Homebuilders are diversifying their construction projects.
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The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.